Coin Bureau reports:
Nic Puckrin, the CEO of the Coin Bureau, mentioned that Bitcoin is entering an accumulation phase, indicating that investors may hold onto this asset for the long term. The cryptocurrency executive shared a chart from Glassnode, which showed that BTC balances on exchanges recently dropped to a historic low.
Nic Puckrin, co-founder and CEO of Coin Bureau, believes that Bitcoin is entering an accumulation phase following the recent decline in BTC balances. The accumulation phase precedes a rebound, which could indicate that a bull market cycle is forthcoming.
Nic Puckrin revealed that BTC accumulation is underway as forex balances hit ATL (all-time low).
Bitcoin accumulation is currently in progress.
Forex balances have been declining over the past 3 months.
The next few weeks are expected to be turbulent.
